New Pyrenees electrical interconnection to boost EU energy cooperation
Spain, Madrid: Spain, Portugal and France sealed the agreement on boosting energy cooperation as a step towards reducing energy dependence on Russian energy supplies.
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Iberdrola to acquire UIL Holdings for $3 billion
Spain, Bilboa: Spanish utility Iberdrola will buy a Connecticut-based UIL Holdings Corporation for about $3 billion to create a new listed power and electric utility and expand in the United States.
Revamped Basquen substation powered up with new transformer
Spain, Basque: Iberdrola, the Bilbao-based Spanish public electric utility, has opened Pontika substation in the town of Errentia after the substation received a €2.5 million ($2.8 million) capacity and technological upgrade.
Isolux Corsan wins Saudi substation contract
Saudi Arabia, Al-Hasa: Saudi Arabia’s National Grid has awarded a $40 million contract to the Spanish engineering and construction firm Isolux Corsan for the construction of two 115 kV substations in Al Hasa.